USD exchange rate today October 3, 2024: Domestic and international prices increase together

USD exchange rate today in the world

The US Dollar Index (DXY), which measures the US dollar's performance against a basket of six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), rose 0.41% to 101.60.

The US dollar hit a three-week high against the euro after the ADP jobs report showed US private payrolls rose more than expected in September. This comes ahead of a key jobs data release on October 4.

Investors are keeping an eye on geopolitical tensions after Iran attacked Israel, raising concerns about the possibility of a wider conflict in the oil-producing Middle East.

The latest report from ADP showed that private sector payrolls increased by 143,000 in September, following a gain of 103,000 in August. Economists had expected 120,000 jobs to be added.

The September nonfarm payrolls report is expected to show an increase of 140,000 jobs, with the unemployment rate holding steady at 4.2%.

Positive comments from Fed Chairman Jerome Powell boosted the value of the US dollar and reduced expectations of a Fed rate cut.

The probability that the Fed will cut interest rates by 50 basis points at its next meeting has dropped from 57% to 35%, according to CME Group's FedWatch tool.

Richmond Fed President Thomas Barkin stressed that the recent rate cut does not signal the end of the fight against inflation.

A new report from the Institute for Supply Management provides more insight into the current state of the US economy.

The euro edged down 0.27 percent to $1.1037, its lowest level of the day.

The currency's weakness is believed to be due to expectations that the European Central Bank (ECB) will cut interest rates due to falling inflation.

ECB member Isabel Schnabel said that inflation in the euro zone was likely to fall back to the ECB's 2% target, but also warned of the challenge of controlling prices.

The Japanese yen also fell after Prime Minister Shigeru Ishiba ruled out further interest rate hikes.

The US dollar rose 1.94% to 146.34 yen, supported by safe-haven demand amid tensions in the Middle East.

USD exchange rate today in the country

The State Bank announced the central VND/USD exchange rate for October 3 at 24,094 VND, an increase of 13 VND compared to the previous rate.

The reference USD exchange rate at the State Bank of Vietnam is 23,400 - 25,248 VND/USD, unchanged in buying price and up 12 VND in selling price.

On the free market, the USD exchange rate in Hanoi at 6:39 a.m. was 24,959 - 25,059 VND/USD, an increase of 57 VND in both buying and selling compared to the previous session.

Vietcombank increased the buying and selling price of USD to 24,450 - 24,820 VND/USD, up 50 VND compared to the previous session.

BIDV listed the USD buying and selling prices at 24,505 - 24,845 VND/USD, an increase of 90 VND compared to the previous session.

Vietinbank listed the USD buying and selling prices at 24,320 - 24,820 VND/USD, up 45 VND in both directions compared to the previous session.

Eximbank kept the USD buying and selling rate unchanged at 24,400 - 24,760 VND/USD, unchanged from the previous session.